Net Worth Advisory Group acquired a new position in shares of Suncor Energy Inc. (NYSE:SU – Free Report) (TSE:SU) in the 3rd quarter, Holdings Channel reports. The fund acquired 7,758 shares of the oil and gas producer’s stock, valued at approximately $286,000.
Several other institutional investors and hedge funds have also made changes to their positions in SU. Toronto Dominion Bank raised its stake in Suncor Energy by 59.7% in the 1st quarter. Toronto Dominion Bank now owns 17,606,934 shares of the oil and gas producer’s stock worth $649,872,000 after acquiring an additional 6,580,260 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Suncor Energy by 90.9% in the second quarter. Assenagon Asset Management S.A. now owns 8,299,876 shares of the oil and gas producer’s stock worth $316,226,000 after purchasing an additional 3,951,287 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of Suncor Energy by 60.7% during the second quarter. National Bank of Canada FI now owns 8,661,861 shares of the oil and gas producer’s stock worth $328,876,000 after purchasing an additional 3,272,896 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Suncor Energy by 305.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,725,000 shares of the oil and gas producer’s stock valued at $63,687,000 after buying an additional 1,300,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Suncor Energy by 5.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,134,149 shares of the oil and gas producer’s stock worth $956,850,000 after buying an additional 1,209,073 shares during the period. 67.37% of the stock is currently owned by institutional investors and hedge funds.
Suncor Energy Price Performance
Shares of Suncor Energy stock opened at $39.10 on Monday. The firm has a market cap of $50.11 billion, a PE ratio of 8.71, a P/E/G ratio of 2.69 and a beta of 1.12. Suncor Energy Inc. has a twelve month low of $29.45 and a twelve month high of $41.94. The company has a quick ratio of 0.93, a current ratio of 1.46 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $39.03 and a 200 day moving average price of $38.74.
Suncor Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 4.04%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s payout ratio is 35.86%.
Analyst Upgrades and Downgrades
SU has been the topic of several recent research reports. Wolfe Research began coverage on shares of Suncor Energy in a report on Thursday, July 18th. They issued an “outperform” rating and a $68.00 price objective on the stock. Scotiabank lowered their price target on shares of Suncor Energy from $61.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. TD Securities upgraded Suncor Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 7th. StockNews.com downgraded Suncor Energy from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.83.
Check Out Our Latest Report on SU
About Suncor Energy
Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.
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